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Further to your comments re: homecare market @rustys33. It is my...

Currently unlisted. Proposed listing date: 4 SEPTEMBER 2024 #

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ChampKind01

42 Posts.

94

14/02/22

17:38

Post #: 59562802
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Originally posted by rustys33: ↑

Another start up so no cash in this one for quite a while.

But ...... aged care and in-home monitoring of people with Home Care Packages is a good fit for RAP. Note, there are over 200,000 people with home care packages in Australia and this is growing fast. The govt wants more people cared for in their homes instead of costly nursing homes. Monitoring is key to this lower cost care. For example, care costs for home care range from $10-$50k as opposed to nursing homes of $80k+. These figures exclude fees associated with rent.

I'd take $50 a year for monitoring services on 200,000 people. All the hard work PCK are doing is greasing up this big honey pot.

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Further to your comments re: homecare market
@rustys33. It is my understanding that MediBank are looking to build a significant presence in this space. Wonder if our VP Commercial (formerly Medibank Snr Exec.) has reached out to a few of his old colleagues yet?

Pure speculation, but plausible nonetheless.

RAP Price at posting: 7.5¢ Sentiment: Hold Disclosure: Held
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